BV VAN ECCELPOEL: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BV VAN ECCELPOEL
Largest movements
- Tangible fixed assets +€21,307
up €21,307 (+87.0%), from €24,490 to €45,797
of which Furniture and vehicles: +€21,797
- Stocks and contracts -€6,257
down €6,257 (-21.1%), from €29,615 to €23,358
- Cash +€3,408
up €3,408 (+2.9%), from €115,785 to €119,193
mainly Net result for the year (+€14,172) and Stocks and contracts (+€6,257)
- Receivables within one year -€2,078
down €2,078 (-68.8%), from €3,020 to €942
of which Other amounts receivable: -€1,967
- Reserves +€14,172
up €14,172 (+17.6%), from €80,571 to €94,742
of which Distributable reserves: +€14,172
- Tax, wage and social debts +€3,452
up €3,452 (+19.7%), from €17,502 to €20,954
- Trade debts -€3,066
down €3,066 (-44.4%), from €6,906 to €3,840
- Gross operating margin +€7,548
up €7,548 (+40.7%), from €18,525 to €26,073
- Taxes +€2,911
up €2,911 (+70.4%), from €4,137 to €7,048
- Depreciation +€1,259
up €1,259 (+110%), from €1,148 to €2,407
- Staff costs +€308
up €308 (+42.0%), from €734 to €1,042
- Financial income -€277
down €277 (-44.9%), from €616 to €339
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,651 | €191,069 | +€16,418 | +9.4% |
| Fixed assets | 21/28 | €24,895 | €46,202 | +€21,307 | +85.6% |
| Tangible fixed assets | 22/27 | €24,490 | €45,797 | +€21,307 | +87.0% |
| Land and buildings | 22 | €12,207 | €11,825 | -€382 | -3.1% |
| Plant, machinery and equipment | 23 | €12,283 | €12,175 | -€108 | -0.9% |
| Furniture and vehicles | 24 | - | €21,797 | +€21,797 | |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €149,756 | €144,867 | -€4,889 | -3.3% |
| Stocks and contracts in progress | 3 | €29,615 | €23,358 | -€6,257 | -21.1% |
| Stocks | 30/36 | €29,615 | €23,358 | -€6,257 | -21.1% |
| Amounts receivable within one year | 40/41 | €3,020 | €942 | -€2,078 | -68.8% |
| Trade receivables | 40 | €1,053 | €942 | -€112 | -10.6% |
| Other amounts receivable | 41 | €1,967 | - | -€1,967 | |
| Cash at bank and in hand | 54/58 | €115,785 | €119,193 | +€3,408 | +2.9% |
| Deferred charges and accrued income | 490/1 | €1,337 | €1,375 | +€38 | +2.8% |
| Total equity and liabilities | 10/49 | €174,651 | €191,069 | +€16,418 | +9.4% |
| Equity | 10/15 | €100,402 | €114,574 | +€14,172 | +14.1% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €80,571 | €94,742 | +€14,172 | +17.6% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €78,588 | €92,759 | +€14,172 | +18.0% |
| Amounts payable | 17/49 | €74,249 | €76,495 | +€2,246 | +3.0% |
| Amounts payable after more than one year | 17 | €18,000 | €18,000 | = | 0.0% |
| Financial debts | 170/4 | €18,000 | €18,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €56,249 | €56,883 | +€634 | +1.1% |
| Trade debts | 44 | €6,906 | €3,840 | -€3,066 | -44.4% |
| Suppliers | 440/4 | €6,906 | €3,840 | -€3,066 | -44.4% |
| Taxes, remuneration and social security | 45 | €17,502 | €20,954 | +€3,452 | +19.7% |
| Taxes | 450/3 | €17,502 | €20,954 | +€3,452 | +19.7% |
| Other amounts payable | 47/48 | €31,841 | €32,089 | +€248 | +0.8% |
| Accrued charges and deferred income | 492/3 | - | €1,612 | +€1,612 | |
| Remuneration, social security and pensions | 62 | €734 | €1,042 | +€308 | +42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,148 | €2,407 | +€1,259 | +110% |
| Other operating charges | 640/8 | €1,036 | €920 | -€116 | -11.2% |
| Gross operating margin | 9900 | €18,525 | €26,073 | +€7,548 | +40.7% |
| Operating profit (loss) | 9901 | €15,607 | €21,704 | +€6,097 | +39.1% |
| Financial income | 75/76B | €616 | €339 | -€277 | -44.9% |
| Recurring financial income | 75 | €616 | €339 | -€277 | -44.9% |
| Financial charges | 65/66B | €1,056 | €824 | -€232 | -22.0% |
| Recurring financial charges | 65 | €1,056 | €824 | -€232 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €15,167 | €21,219 | +€6,052 | +39.9% |
| Income taxes | 67/77 | €4,137 | €7,048 | +€2,911 | +70.4% |
| Profit (loss) for the period | 9904 | €11,031 | €14,172 | +€3,141 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,031 | €14,172 | +€3,141 | +28.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.